{"id":294053,"date":"2025-10-09T10:09:49","date_gmt":"2025-10-09T08:09:49","guid":{"rendered":"https:\/\/www.jtl-software.com\/accounting-finances"},"modified":"2026-04-28T10:12:41","modified_gmt":"2026-04-28T08:12:41","slug":"accounting-finance","status":"publish","type":"page","link":"https:\/\/www.jtl-software.com\/en\/topics\/erp\/accounting-finance","title":{"rendered":"Accounting &amp; Finances"},"content":{"rendered":"\t\t<section class=\"section-1570\">\n\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t<div class=\"col\">\n\t<div class=\"toc-widget toc-widget-69f4b61781047 orange-scheme\" tabindex=\"-1\">\n    <div class=\"toc-widget__buttons\">\n        <button type=\"button\" class=\"toc-widget__buttons-burger\">\n            <i class=\"fa-solid fa-bars\"><\/i>\n            <span class=\"toc-widget__buttons-burger--text\">Content<\/span>\n        <\/button>\n        <button type=\"button\" class=\"toc-widget__buttons-close d-none\">\n            <i class=\"fa-solid fa-arrow-left\"><\/i>\n        <\/button>\n    <\/div>\n    <div class=\"toc-widget__content-wrapper\">\n        <div class=\"toc-widget__content\">\n            <div class=\"toc-widget__content--item is-primary\">\n    <a href=\"#ratgeber\" class=\"toc-widget__content--item-button\">\n        <span class=\"toc-widget__content--item-button--content\">\n                                    <span class=\"toc-widget__content--item-button--content__text\">Accounting, finance &amp; taxes with a merchandise management system<\/span>\n                    <\/span>\n        <span class=\"toc-widget__content--item-button--icon\">\n            <i class=\"fa-solid fa-arrow-right\"><\/i>\n        <\/span>\n    <\/a>\n    <\/div><div class=\"toc-widget__content--item\">\n    <a href=\"#the-role-of-merchandise-management-in-financial-accounting\" class=\"toc-widget__content--item-button\">\n        <span class=\"toc-widget__content--item-button--content\">\n                        <span class=\"toc-widget__content--item-button--content__number\">01<\/span>\n                                    <span class=\"toc-widget__content--item-button--content__text\">The role of merchandise management in financial accounting<\/span>\n                    <\/span>\n        <span class=\"toc-widget__content--item-button--icon\">\n            <i class=\"fa-solid fa-arrow-right\"><\/i>\n        <\/span>\n    <\/a>\n    <\/div><div class=\"toc-widget__content--item\">\n    <a href=\"#automated-accounting-with-merchandise-management\" class=\"toc-widget__content--item-button\">\n        <span class=\"toc-widget__content--item-button--content\">\n                        <span class=\"toc-widget__content--item-button--content__number\">02<\/span>\n                                    <span class=\"toc-widget__content--item-button--content__text\">Automated accounting with merchandise management<\/span>\n                    <\/span>\n        <span class=\"toc-widget__content--item-button--icon\">\n            <i class=\"fa-solid fa-arrow-right\"><\/i>\n        <\/span>\n    <\/a>\n    <\/div><div class=\"toc-widget__content--item\">\n    <a href=\"#merchandise-management-and-taxes-managing-tax-obligations\" class=\"toc-widget__content--item-button\">\n        <span class=\"toc-widget__content--item-button--content\">\n                        <span class=\"toc-widget__content--item-button--content__number\">03<\/span>\n                                    <span class=\"toc-widget__content--item-button--content__text\">Merchandise management and taxes: managing tax obligations<\/span>\n                    <\/span>\n        <span class=\"toc-widget__content--item-button--icon\">\n            <i class=\"fa-solid fa-arrow-right\"><\/i>\n        <\/span>\n    <\/a>\n    <\/div><div class=\"toc-widget__content--item\">\n    <a href=\"#important-interfaces-for-accounting-and-taxes\" class=\"toc-widget__content--item-button\">\n        <span class=\"toc-widget__content--item-button--content\">\n                        <span class=\"toc-widget__content--item-button--content__number\">04<\/span>\n                                    <span class=\"toc-widget__content--item-button--content__text\">Important interfaces for accounting and taxe<\/span>\n                    <\/span>\n        <span class=\"toc-widget__content--item-button--icon\">\n            <i class=\"fa-solid fa-arrow-right\"><\/i>\n        <\/span>\n    <\/a>\n    <\/div><div class=\"toc-widget__content--item\">\n    <a href=\"#compliance-fulfill-legal-requirements-through-merchandise-management\" class=\"toc-widget__content--item-button\">\n        <span class=\"toc-widget__content--item-button--content\">\n                        <span class=\"toc-widget__content--item-button--content__number\">05<\/span>\n                                    <span class=\"toc-widget__content--item-button--content__text\">Compliance: fulfill legal requirements through merchandise management<\/span>\n                    <\/span>\n        <span class=\"toc-widget__content--item-button--icon\">\n            <i class=\"fa-solid fa-arrow-right\"><\/i>\n        <\/span>\n    <\/a>\n    <\/div><div class=\"toc-widget__content--item\">\n    <a href=\"#merchandise-management-accounting-and-taxes-technological-trends\" class=\"toc-widget__content--item-button\">\n        <span class=\"toc-widget__content--item-button--content\">\n                        <span class=\"toc-widget__content--item-button--content__number\">06<\/span>\n                                    <span class=\"toc-widget__content--item-button--content__text\">Merchandise management, accounting and taxes: technological trends<\/span>\n                    <\/span>\n        <span class=\"toc-widget__content--item-button--icon\">\n            <i class=\"fa-solid fa-arrow-right\"><\/i>\n        <\/span>\n    <\/a>\n    <\/div><div class=\"toc-widget__content--item\">\n    <a href=\"#consider-the-topic-of-accounting-when-selecting-an-erp-system\" class=\"toc-widget__content--item-button\">\n        <span class=\"toc-widget__content--item-button--content\">\n                        <span class=\"toc-widget__content--item-button--content__number\">07<\/span>\n                                    <span class=\"toc-widget__content--item-button--content__text\">Consider the topic of accounting when selecting an ERP system<\/span>\n                    <\/span>\n        <span class=\"toc-widget__content--item-button--icon\">\n            <i class=\"fa-solid fa-arrow-right\"><\/i>\n        <\/span>\n    <\/a>\n    <\/div><div class=\"toc-widget__content--item\">\n    <a href=\"#conclusion-merchandise-management-systems-make-financial-processes-more-efficient\" class=\"toc-widget__content--item-button\">\n        <span class=\"toc-widget__content--item-button--content\">\n                        <span class=\"toc-widget__content--item-button--content__number\">08<\/span>\n                                    <span class=\"toc-widget__content--item-button--content__text\">Conclusion: merchandise management systems make financial processes more efficie<\/span>\n                    <\/span>\n        <span class=\"toc-widget__content--item-button--icon\">\n            <i class=\"fa-solid fa-arrow-right\"><\/i>\n        <\/span>\n    <\/a>\n    <\/div>        <\/div>\n    <\/div>\n    \n<\/div>\n\n<div class=\"toc-widget-scroll-to-top d-none orange-scheme\">\n    <button type=\"button\" id=\"scrollToTop\" class=\"toc-widget-scroll-to-top__button\">\n        <i class=\"fa-regular fa-arrow-up\"><\/i>\n    <\/button>\n<\/div><div class=\"anchor-navigation-tabs orange-scheme\">\n            <div class=\"anchor-navigation-tabs__nav\">\n                            <div class=\"anchor-navigation-tabs__nav-item\">\n                    <a class=\"anchor-navigation-tabs__nav-item--link\" href=\"https:\/\/www.jtl-software.com\/en?page_id=294101\">Merchandise management system<\/a>\n                <\/div>\n                            <div class=\"anchor-navigation-tabs__nav-item\">\n                    <a class=\"anchor-navigation-tabs__nav-item--link\" href=\"https:\/\/www.jtl-software.com\/en?page_id=294089\">Tasks<\/a>\n                <\/div>\n                            <div class=\"anchor-navigation-tabs__nav-item\">\n                    <a class=\"anchor-navigation-tabs__nav-item--link\" href=\"https:\/\/www.jtl-software.com\/en?page_id=294077&amp;preview=true\">Process optimization<\/a>\n                <\/div>\n                            <div class=\"anchor-navigation-tabs__nav-item\">\n                    <a class=\"anchor-navigation-tabs__nav-item--link\" href=\"https:\/\/www.jtl-software.com\/en?page_id=294065\">Interfaces<\/a>\n                <\/div>\n                            <div class=\"anchor-navigation-tabs__nav-item active\">\n                    <a class=\"anchor-navigation-tabs__nav-item--link\" href=\"https:\/\/www.jtl-software.com\/en?page_id=294053\">Accounting<\/a>\n                <\/div>\n                            <div class=\"anchor-navigation-tabs__nav-item\">\n                    <a class=\"anchor-navigation-tabs__nav-item--link\" href=\"https:\/\/www.jtl-software.com\/en?page_id=294038\">Cost<\/a>\n                <\/div>\n                    <\/div>\n    <\/div><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/section>\n\t<style>\n\t.utils-69f4b61781738 { background-repeat: no-repeat !important; }\n<\/style>\t\t<section id=\"ratgeber\" class=\"hero-product-section orange mb-0 utils-69f4b61781738\">\n\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t<div class=\"col-lg-7 hero-product-section__content orange\">\n\t<h1 class=\"hero-product-section__content--title\"><span class=\"font-weight-bold\">Accounting, finance &amp; taxes<\/span> with a merchandise management system<\/h1>\t<div class=\"hero-product-section__content--text mb-3 mr-md-8 mb-md-5\">\n<p>Imagine a retail company that sells its goods via an online shop and on marketplaces such as Amazon or eBay. Orders are received daily and returns must be processed promptly. Each transaction generates documents that need to be booked correctly. While Managing Directors must not lose sight of their own liquidity, the accounting department tries to keep track of open items, discounts, refunds and tax rates. Added to this are the special tax features associated with international sales.<\/p>\n<p>In this complex <strong>web of orders, returns and payments <\/strong>, errors can quickly occur &#8211; for example in the allocation of incoming and outgoing invoices or the application of VAT rates. This is where a <strong>modern merchandise management system<\/strong> comes in: it takes over a <strong>large part of the administrative tasks and automates important processes<\/strong>. It also ensures that financial and tax data is recorded completely and correctly at all times. This allows companies to maintain an overview and concentrate on strategic tasks.<\/p>\n<p>This guide highlights the <strong>role of merchandise management in accounting.<\/strong> It looks at how an ERP system supports companies in fulfilling their tax obligations and which interfaces are essential for collaboration with accounting programs and tax advisors. It also deals with aspects such as compliance, legal requirements and data security in finance.<\/p>\n\t<\/div>\n<\/div>\n<div class=\"col-lg-5 hero-product-section__image\">\n\t<picture><source type=\"image\/svg+xml\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20701%20614'%20xml:space='preserve'%3E%3C\/svg%3E 1x\" data-srcset=\"https:\/\/www.jtl-software.com\/uploads\/2026\/04\/jtl-erp-demo.svg 1x, https:\/\/www.jtl-software.com\/uploads\/2026\/04\/jtl-erp-demo.svg 1x\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20701%20614'%20xml:space='preserve'%3E%3C\/svg%3E\" data-src=\"https:\/\/www.jtl-software.com\/uploads\/2026\/04\/jtl-erp-demo.svg\" width=\"701\" height=\"614\" alt=\"User interface of the JTL-Wawi ERP system\" class=\"lazy img-fluid border-solid \"><\/picture><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/section>\n\t\t\t<section class=\"orange section-1690\">\n\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t<div class=\"col-lg-12\">\n\t\n\n<div class=\"decorated-container-inner \">\n        <div class=\"decorated-container-square-overlay\"><\/div>\n        <div class=\"decorated-container-wrapper\">\n        <div class=\"decorated-container\">\n                        <div class=\"decorated-container-items-wrapper\">\n                                    <div class=\"col-lg-7 px-0\">\n            <h2 id=\"anchor-the-role-of-merchandise-management-in-financial-accounting\" class=\"redesign-styles__title\">The role of merchandise management in financial accounting<a href=\"#the-role-of-merchandise-management-in-financial-accounting\" class=\"far fa-link headline-link\" data-href=\"#the-role-of-merchandise-management-in-financial-accounting\"><\/a><\/h2><p>A modern ERP system <strong>fulfills several important tasks in financial accounting<\/strong>.<\/p>\n<h3 class=\"redesign-styles__heading\">Central data hub for all business transactions<\/h3><p>Merchandise management records all business transactions such as orders, sales, returns and payments. It processes data in real time and makes it available in full. This prevents loss of information and ensures that <strong>all departments have access to the same consistent database<\/strong>.<\/p>\n<h3 class=\"redesign-styles__heading\">Efficient and error-free processes through automation<\/h3><p>A merchandise management system can <strong>automate many processes relevant to accounting<\/strong>. For example, the system automatically assigns income and expenses to the corresponding accounts and ensures that postings are correct and traceable. We present further examples of automation in the next chapter.<\/p>\n<h3 class=\"redesign-styles__heading\">Support with the fulfillment of tax obligations<\/h3><p>Once the necessary settings have been made, <strong>the system automatically assigns the correct tax rates to transactions<\/strong>. It records all tax-relevant transactions and prepares data for the VAT return. Companies, tax consultants and tax offices can exchange information via interfaces.<\/p>\n    <\/div><style>\n        @media screen and (min-width: 1200px) {\n        .product-subcard-widget-69f4b617878b3 {\n            transform: translateX(clamp(21px, -22.5714rem + 25.4762vw, 25px));\n        } \n    }\n<\/style>\n<div class=\"product-subcard-widget product-subcard-widget-69f4b617878b3 left-aligned\" style=\"max-width:860px;margin-top:40px;\">\n            <span class=\"redesign-styles__heading h3\">Important<\/span><p>Comprehensive ERP systems integrate all accounting processes directly into one system. This also includes payroll accounting. Enterprise resource planning systems focus on the flow of goods. In reality, the boundaries are often blurred.<\/p>\n    <\/div><div class=\"col-lg-7 px-0\">\n            <h3 class=\"redesign-styles__heading mt-5\">Advantages over manual accounting processes<\/h3><p>Compared to manual processes, a merchandise management system is characterized by <strong>important advantages for accounting<\/strong>.<\/p>\n<p>\u00a0<\/p>\n    <\/div><style>\n\t.grid-69f4b61787f85 { --rows: 3; --gap: 16px; }\n\n\t@media (min-width: 1200px) {\n\t\t.grid-69f4b61787f85 { --columns: 1fr 1fr 1fr; --rows: 1; --gap: 32px; }\n\t}\n<\/style><div class=\"mb-5 grid grid-69f4b61787f85\">\n\t<style>\n\t.utils-69f4b617880ad { background-color: #FFFFFF !important; }\n\n\t@media (min-width: 992px) {\n\t\t.grid-item-69f4b617880ad { --columns-start: 1; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b617880ad grid-item grid-item-69f4b617880ad\">\n\t\t<div class=\"mb-4\">\n<p><strong>Less effort<\/strong><\/p>\n\t<\/div>\n\t<div class=\"mb-0\">\n<p>Time-consuming and monotonous tasks such as manually entering invoices and payments are no longer necessary. Employees can concentrate on their core business and complex challenges.<\/p>\n\t<\/div>\n<\/div><style>\n\t.utils-69f4b617884c9 { background-color: #FFFFFF !important; }\n\t.grid-item-69f4b617884c9 { --columns-start: 1; --rows-start: 2; }\n\n\t@media (min-width: 1200px) {\n\t\t.grid-item-69f4b617884c9 { --columns-start: 2; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b617884c9 grid-item grid-item-69f4b617884c9\">\n\t\t<div class=\"mb-4\">\n<p><strong>Fewer errors<\/strong><\/p>\n\t<\/div>\n\t<div class=\"mb-0\">\n<p>Automation increases accuracy and reliability, as human error sources are largely eliminated. With a merchandise management system, there are hardly any incorrect postings or the allocation of incorrect tax rates.<\/p>\n\t<\/div>\n<\/div><style>\n\t.utils-69f4b61788896 { background-color: #FFFFFF !important; }\n\t.grid-item-69f4b61788896 { --columns-start: 1; --rows-start: 3; }\n\n\t@media (min-width: 1200px) {\n\t\t.grid-item-69f4b61788896 { --columns-start: 3; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b61788896 grid-item grid-item-69f4b61788896\">\n\t\t<div class=\"mb-4\">\n<p><strong>Well-founded decisions<\/strong><\/p>\n\t<\/div>\n\t<div class=\"mb-0\">\n<p>Decision-makers benefit from data in real time and automatically generated reports. This makes it easier for them to make well-founded decisions.<\/p>\n\t<\/div>\n<\/div><\/div><style>\n\t.grid-69f4b61788d75 { --rows: 3; --gap: 16px; }\n\n\t@media (min-width: 1200px) {\n\t\t.grid-69f4b61788d75 { --columns: 1fr 1fr 1fr; --rows: 1; --gap: 32px; }\n\t}\n<\/style><div class=\"mb-5 grid grid-69f4b61788d75\">\n\t<style>\n\t.utils-69f4b61788ea4 { background-color: #FFFFFF !important; }\n\n\t@media (min-width: 992px) {\n\t\t.grid-item-69f4b61788ea4 { --columns-start: 1; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b61788ea4 grid-item grid-item-69f4b61788ea4\">\n\t\t<div class=\"mb-4\">\n<p><strong>Efficient data exchange<\/strong><\/p>\n\t<\/div>\n\t<div class=\"mb-0\">\n<p>Interfaces are used to create networked systems. This allows valuable data to be exchanged internally and with external partners in real time.<\/p>\n\t<\/div>\n<\/div><\/div><div class=\"col-lg-7 px-0\">\n            \t<div class=\"mb-5\">\n<p>In summary, an ERP system reduces the workload in accounting, speeds up processes and prevents errors. It therefore makes an <strong>important contribution to the economic success of companies<\/strong>.<\/p>\n<p>We will now outline what this contribution looks like in detail.<\/p>\n\t<\/div>\n    <\/div>                            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/section>\n\t<style>\n\t.utils-69f4b617895af { background-repeat: no-repeat !important; }\n<\/style>\t\t<section class=\"product-management-section orange utils-69f4b617895af\">\n\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t<div class=\"col-lg-6 pt-lg-4\">\n\t<h2 id=\"anchor-automated-accounting-with-merchandise-management\" class=\"product-management-section__title mb-5\">Automated accounting with merchandise management<a href=\"#automated-accounting-with-merchandise-management\" class=\"far fa-link headline-link\" data-href=\"#automated-accounting-with-merchandise-management\"><\/a><\/h2>\t<div class=\"product-management-section__text mb-7\">\n<p>Automation is a central component of merchandise management systems. Depending on the software, many processes that are relevant to accounting can also be automated. These include the following tasks in particular:<\/p>\n\t<\/div>\n<\/div>\n<style>\n\t.utils-69f4b61789b48 { background-color: #00000000 !important; }\n<\/style><div class=\"col-lg-6 utils-69f4b61789b48\">\n\t<\/div>\n<div class=\"col-lg-12\">\n\t<style>\n\t.grid-69f4b61789dfa { --rows: 4; --gap: 32px; }\n\n\t@media (min-width: 768px) {\n\t\t.grid-69f4b61789dfa { --columns: 1fr 1fr; --rows: 5; --gap: 32px; }\n\t}\n<\/style><div class=\"mb-5 grid grid-69f4b61789dfa\">\n\t<style>\n\t.utils-69f4b61789eee { background-color: #FFF5E9 !important; }\n\t.grid-item-69f4b61789eee { --columns-start: 1; --rows-start: 1; }\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b61789eee grid-item grid-item-69f4b61789eee\">\n\t<p><strong>Creation and dispatch of invoices<\/strong><\/p>\n<p>The merchandise management system automatically creates invoices directly after a sales transaction or goods issue. It takes customer data and item information from the central database.<\/p>\n<\/div><style>\n\t.utils-69f4b6178a25f { background-color: #FFF5E9 !important; }\n\t.grid-item-69f4b6178a25f { --columns-start: 1; --rows-start: 2; }\n\n\t@media (min-width: 768px) {\n\t\t.grid-item-69f4b6178a25f { --columns-start: 2; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6178a25f grid-item grid-item-69f4b6178a25f\">\n\t<p><strong>Payment reminders and dunning runs<\/strong><\/p>\n<p>Outstanding invoices are continuously monitored. If payment deadlines are exceeded, the merchandise management system automatically creates and sends payment reminders and dunning letters. Even multi-stage dunning processes can be mapped without manual effort.<\/p>\n<\/div><style>\n\t.utils-69f4b6178a502 { background-color: #FFF5E9 !important; }\n\t.grid-item-69f4b6178a502 { --columns-start: 1; --rows-start: 3; }\n\n\t@media (min-width: 768px) {\n\t\t.grid-item-69f4b6178a502 { --columns-start: 1; --rows-start: 2; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6178a502 grid-item grid-item-69f4b6178a502\">\n\t<p><strong>Integration of payment service providers<\/strong><\/p>\n<p>Modern merchandise management systems offer interfaces to payment service providers such as PayPal, credit card providers or SEPA direct debit schemes. They record incoming payments directly and assign them to the corresponding postings. Manual matching is no longer necessary.<\/p>\n<\/div><style>\n\t.utils-69f4b6178a794 { background-color: #FFF5E9 !important; }\n\t.grid-item-69f4b6178a794 { --columns-start: 1; --rows-start: 4; }\n\n\t@media (min-width: 768px) {\n\t\t.grid-item-69f4b6178a794 { --columns-start: 2; --rows-start: 2; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6178a794 grid-item grid-item-69f4b6178a794\">\n\t<p><strong>Further examples of automation<\/strong><\/p>\n<ul>\n<li>Posting of goods receipts and stock movements for precise stock valuation<\/li>\n<li>Processing of returns and refunds<\/li>\n<li>Automatic sales tax statements<\/li>\n<li>Conversion of transactions in foreign currencies<\/li>\n<li>Regular financial reports and analyses<\/li>\n<li>Automated payment transactions<\/li>\n<\/ul>\n<p>\n<\/div><\/div><\/div>\n<div class=\"col-lg-6\">\n\t<h3 class=\"redesign-styles__heading mb-5\">A practical example<\/h3>\t<div class=\"product-management-section__text mb-7\">\n<p>A medium-sized retail company sells shoes via its own online store and various marketplaces. As soon as a <strong>customer places an order in the online store<\/strong>, the following processes take place:<\/p>\n\t<\/div>\n<\/div>\n<div class=\"col-lg-6\">\n\t<\/div>\n<div class=\"col-lg-12\">\n\t<style>\n\t.grid-69f4b6178b160 { --columns: 1; --rows: 6; --gap: 32px; }\n\n\t@media (min-width: 768px) {\n\t\t.grid-69f4b6178b160 { --columns: 2; --rows: 5; --gap: 32px; }\n\t}\n<\/style><div class=\"mb-5 grid grid-69f4b6178b160\">\n\t<style>\n\t.utils-69f4b6178b258 { background-color: #FFF5E9 !important; }\n\t.grid-item-69f4b6178b258 { --columns-start: 1; --rows-start: 1; }\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6178b258 grid-item grid-item-69f4b6178b258\">\n\t<p><strong>1. order acceptance and stock reconciliation<\/strong><\/p>\n<p>The merchandise management system records the order in real time and checks the stock level. If the goods are available in sufficient quantities, the sales order is confirmed immediately and order preparation is initiated in the warehouse. If an item is in short supply, the system triggers a notification to the purchasing department or initiates a repeat order from the supplier.<\/p>\n<\/div><style>\n\t.utils-69f4b6178b4e5 { background-color: #FFF5E9 !important; }\n\t.grid-item-69f4b6178b4e5 { --columns-start: 1; --rows-start: 2; }\n\n\t@media (min-width: 768px) {\n\t\t.grid-item-69f4b6178b4e5 { --columns-start: 2; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6178b4e5 grid-item grid-item-69f4b6178b4e5\">\n\t<p><strong>2. invoicing and dispatch<\/strong><\/p>\n<p>As soon as the goods have been commissioned and prepared for shipping, the system generates an invoice. It accesses stored customer and item data, calculates the correct tax rate (including for international shipping addresses if necessary) and creates a PDF document. The invoice is then sent to the customer by email and archived in the system in an audit-proof manner.<\/p>\n<\/div><style>\n\t.utils-69f4b6178b770 { background-color: #FFF5E9 !important; }\n\t.grid-item-69f4b6178b770 { --columns-start: 1; --rows-start: 3; }\n\n\t@media (min-width: 768px) {\n\t\t.grid-item-69f4b6178b770 { --columns-start: 1; --rows-start: 2; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6178b770 grid-item grid-item-69f4b6178b770\">\n\t<p><strong>3. receipt of payment and allocation<\/strong><\/p>\n<p>Incoming payments from payment service providers are automatically transferred to merchandise management via integrated interfaces. The system compares the incoming payments with the open items and automatically posts them to the correct accounts in financial accounting. Possible differences (e.g. from cash discount deductions) are recognized and reported immediately.<\/p>\n<\/div><style>\n\t.utils-69f4b6178ba0d { background-color: #FFF5E9 !important; }\n\t.grid-item-69f4b6178ba0d { --columns-start: 1; --rows-start: 4; }\n\n\t@media (min-width: 768px) {\n\t\t.grid-item-69f4b6178ba0d { --columns-start: 2; --rows-start: 2; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6178ba0d grid-item grid-item-69f4b6178ba0d\">\n\t<p><strong>4. payment reminders and dunning process<\/strong><\/p>\n<p>If a payment remains unpaid for a certain period of time, the merchandise management system creates a friendly payment reminder according to predefined rules. If the customer does not comply, the next dunning run starts. In the background, the software continuously checks due dates and, if necessary, carries out multi-stage dunning processes before a case is transferred to receivables management.<\/p>\n<\/div><style>\n\t.utils-69f4b6178bca2 { background-color: #FFF5E9 !important; }\n\t.grid-item-69f4b6178bca2 { --columns-start: 1; --rows-start: 5; }\n\n\t@media (min-width: 768px) {\n\t\t.grid-item-69f4b6178bca2 { --columns-start: 2; --rows-start: 2; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6178bca2 grid-item grid-item-69f4b6178bca2\">\n\t<p><strong>5. returns and refunds<\/strong><\/p>\n<p>When a customer returns goods, the system recognizes the return based on the purchase order ID. It updates the stock and generates a refund, which in turn is transferred to the accounting department. Additional manual intervention is only necessary in unusual cases (e.g. damaged goods).<\/p>\n<\/div><\/div>\t<div class=\"product-management-section__text mb-7\">\n<p>By setting up digital workflows, companies can <strong>adapt automation to their goals and needs<\/strong>. Scalable solutions grow with the company.<\/p>\n\t<\/div>\n<style>\n        @media screen and (min-width: 1200px) {\n        .product-subcard-widget-69f4b6178c2d6 {\n            transform: translateX(clamp(21px, -22.5714rem + 25.4762vw, 25px));\n        } \n    }\n<\/style>\n<div class=\"product-subcard-widget product-subcard-widget-69f4b6178c2d6 left-aligned\" style=\"max-width:860px;margin-top:0;\">\n            \t<div class=\"mb-5\">\n<p>Our guide page explains how digital workflows work in merchandise management systems and what role they play in process optimization:<\/p>\n\t<\/div>\n<div class=\"product-buttons-group\">\n            \n<a class=\"product-button-group__link\" href=\"https:\/\/www.jtl-software.com\/de\/themen\/warenwirtschaftssystem\/prozessoptimierung-automation\">\n    <span class=\"product-button-group__link--text\">Process optimization &amp; automation with a merchandise management system<i class=\"fa-solid fa-arrow-right product-button-group__link--icon\"><\/i><\/span>\n<\/a>    <\/div>    <\/div><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/section>\n\t\t\t<section class=\"orange section-1690\">\n\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t<div class=\"col-lg-12\">\n\t\n\n<div class=\"decorated-container-inner \">\n        <div class=\"decorated-container-square-overlay\"><\/div>\n        <div class=\"decorated-container-wrapper\">\n        <div class=\"decorated-container\">\n                        <div class=\"decorated-container-items-wrapper\">\n                                    <div class=\"col-lg-7 px-0\">\n            <h2 id=\"anchor-merchandise-management-and-taxes-managing-tax-obligations\" class=\"redesign-styles__title\">Merchandise management and taxes: managing tax obligations<a href=\"#merchandise-management-and-taxes-managing-tax-obligations\" class=\"far fa-link headline-link\" data-href=\"#merchandise-management-and-taxes-managing-tax-obligations\"><\/a><\/h2><p><strong>Fulfilling tax obligations<\/strong> is an important part of day-to-day work in commercial enterprises. It not only causes a lot of work. Mistakes can have serious consequences.<\/p>\n<p>Companies that work with an ERP system also benefit from automated processes in this area. To do this, they first make basic settings. For example, they create tax classes and assign items. They define tax zones for international shipping.<\/p>\n<p>On this basis, merchandise management systems can <strong>independently map <\/strong>many <strong>processes relevant to tax issues <\/strong>and help to manage tax obligations. Here are some examples:<\/p>\n<p>\u00a0<\/p>\n    <\/div><style>\n\t.grid-69f4b6178d227 { --rows: 3; --gap: 16px; }\n\n\t@media (min-width: 1200px) {\n\t\t.grid-69f4b6178d227 { --columns: 1fr 1fr 1fr; --rows: 1; --gap: 32px; }\n\t}\n<\/style><div class=\"mb-5 grid grid-69f4b6178d227\">\n\t<style>\n\t.utils-69f4b6178d311 { background-color: #FFFFFF !important; }\n\n\t@media (min-width: 992px) {\n\t\t.grid-item-69f4b6178d311 { --columns-start: 1; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6178d311 grid-item grid-item-69f4b6178d311\">\n\t\t<div class=\"mb-4\">\n<p><strong>Automated recording of sales tax data<\/strong><\/p>\n\t<\/div>\n\t<div class=\"mb-0\">\n<p>The merchandise management system automatically records all tax-relevant transactions. Sales, refunds and returns are included in the VAT calculation without the need for manual entries.<\/p>\n\t<\/div>\n<\/div><style>\n\t.utils-69f4b6178d6aa { background-color: #FFFFFF !important; }\n\t.grid-item-69f4b6178d6aa { --columns-start: 1; --rows-start: 2; }\n\n\t@media (min-width: 1200px) {\n\t\t.grid-item-69f4b6178d6aa { --columns-start: 2; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6178d6aa grid-item grid-item-69f4b6178d6aa\">\n\t\t<div class=\"mb-4\">\n<p><strong>Preparation of the advance VAT return<\/strong><\/p>\n\t<\/div>\n\t<div class=\"mb-0\">\n<p>The system collects all relevant data and prepares it for the advance VAT return. They can then be exported directly to tax consultants and\/or the tax office in various formats.<\/p>\n\t<\/div>\n<\/div><style>\n\t.utils-69f4b6178dac7 { background-color: #FFFFFF !important; }\n\t.grid-item-69f4b6178dac7 { --columns-start: 1; --rows-start: 3; }\n\n\t@media (min-width: 1200px) {\n\t\t.grid-item-69f4b6178dac7 { --columns-start: 3; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6178dac7 grid-item grid-item-69f4b6178dac7\">\n\t\t<div class=\"mb-4\">\n<p><strong>Support for international business<\/strong><\/p>\n\t<\/div>\n\t<div class=\"mb-0\">\n<p>Powerful merchandise management systems also record international transactions and complicated delivery routes correctly for tax purposes. They automatically calculate VAT rates for different countries and regions and take into account tax-free deliveries, customs duties and import taxes for third countries.<\/p>\n\t<\/div>\n<\/div><\/div><style>\n        @media screen and (min-width: 1200px) {\n        .product-subcard-widget-69f4b6178e10c {\n            transform: translateX(clamp(21px, -22.5714rem + 25.4762vw, 25px));\n        } \n    }\n<\/style>\n<div class=\"product-subcard-widget product-subcard-widget-69f4b6178e10c left-aligned\" style=\"max-width:860px;margin-top:0;\">\n            <span class=\"redesign-styles__heading h3\">Important<\/span><p>Depending on where companies store and sell goods, it may be advisable to seek advice from a tax law firm that is familiar with eCommerce and merchandise management. Providers of merchandise management systems sometimes provide support in finding experienced law firms.<\/p>\n    <\/div><style>\n\t.grid-69f4b6178e3a4 { --rows: 3; --gap: 16px; }\n\n\t@media (min-width: 1200px) {\n\t\t.grid-69f4b6178e3a4 { --columns: 1fr 1fr 1fr; --rows: 1; --gap: 32px; }\n\t}\n<\/style><div class=\"mt-5 mb-5 grid grid-69f4b6178e3a4\">\n\t<style>\n\t.utils-69f4b6178e49b { background-color: #FFFFFF !important; }\n\t.grid-item-69f4b6178e49b { --columns-start: 1; --rows-start: 1; }\n\n\t@media (min-width: 992px) {\n\t\t.grid-item-69f4b6178e49b { --columns-start: 1; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6178e49b grid-item grid-item-69f4b6178e49b\">\n\t\t<div class=\"mb-4\">\n<p><strong>Preparation of annual financial statements and business analyses<\/strong><\/p>\n\t<\/div>\n\t<div class=\"mb-0\">\n<p>Powerful ERP systems automatically prepare financial data and make it available for financial statements and evaluations. Some ERP systems even automatically create balance sheets or profit and loss accounts.<\/p>\n\t<\/div>\n<\/div><style>\n\t.utils-69f4b6178e838 { background-color: #FFFFFF !important; }\n\t.grid-item-69f4b6178e838 { --columns-start: 1; --rows-start: 2; }\n\n\t@media (min-width: 1200px) {\n\t\t.grid-item-69f4b6178e838 { --columns-start: 2; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6178e838 grid-item grid-item-69f4b6178e838\">\n\t\t<div class=\"mb-4\">\n<p><strong>Documentation and archiving<\/strong><\/p>\n\t<\/div>\n\t<div class=\"mb-0\">\n<p>All tax-relevant documents, invoices and postings are archived in a GoBD-compliant and audit-proof manner.<\/p>\n\t<\/div>\n<\/div><\/div><div class=\"col-lg-7 px-0\">\n            \t<div class=\"mb-5\">\n<p>As merchandise management systems record all business transactions seamlessly and clearly, companies are prepared for tax audits. They also have relevant data to hand when they need it.<\/p>\n\t<\/div>\n    <\/div>                            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/section>\n\t<style>\n\t.utils-69f4b6178eec2 { background-repeat: no-repeat !important; }\n<\/style>\t\t<section class=\"product-management-section orange utils-69f4b6178eec2\">\n\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t<div class=\"col-lg-12\">\n\t<h2 id=\"anchor-important-interfaces-for-accounting-and-taxes\" class=\"product-management-section__title mb-5\">Important interfaces for accounting and taxes<a href=\"#important-interfaces-for-accounting-and-taxes\" class=\"far fa-link headline-link\" data-href=\"#important-interfaces-for-accounting-and-taxes\"><\/a><\/h2><\/div>\n<div class=\"col-lg-6\">\n\t\t<div class=\"product-management-section__text mb-7\">\n<p>We have already mentioned it: Modern merchandise management and ERP systems are not isolated systems. They can be linked to online stores or marketplaces such as Amazon via interfaces, for example. Companies also have the option of <strong>integrating accounting software and tax consultants<\/strong>. In this way, the ERP system can <strong>further simplify<\/strong> accounting and <strong>tax processes<\/strong>.<\/p>\n\t<\/div>\n<h3 class=\"redesign-styles__heading mb-5\">Integration with accounting programs<\/h3>\t<div class=\"mb-5\">\n<p>Thanks to <strong>the seamless integration of merchandise management with software such as DATEV, Lexware or SAP<\/strong>, accounting data can be synchronized automatically. Documents such as invoices are exchanged directly between the systems, accounts are automatically reconciled and incoming and outgoing payments are assigned to the respective accounts.<\/p>\n<p><strong>Such integration has the following advantages: <\/strong><\/p>\n<ul>\n<li><strong>Time savings through automation:<\/strong> financial postings are transferred directly from merchandise management to accounting.<\/li>\n<li><strong>Up-to-date financial data in real time:<\/strong> stock levels, sales and costs are synchronized at all times.<\/li>\n<li><strong>Reduced error rate:<\/strong> Manual bookings are no longer necessary and all transactions are traceable.<\/li>\n<\/ul>\n<p>\n\t<\/div>\n<\/div>\n<style>\n\t.utils-69f4b6178f83a { background-color: #00000000 !important; }\n<\/style><div class=\"col-lg-6 col-xl-5 offset-xl-1 d-flex flex-column justify-content-between utils-69f4b6178f83a\">\n\t<h3 class=\"redesign-styles__heading mb-5\">Interfaces with tax advisors and the tax office<\/h3>\t<div class=\"mb-5\">\n<p>If tax consultants <strong>have direct access to the necessary documents <\/strong>via interfaces, paper documents are no longer necessary. Advance sales tax returns, income statements or annual financial statements can be retrieved at any time.<\/p>\n<p>The exchange of information with the tax office can also be simplified in this way. For example, companies can transfer VAT data directly from the ERP system to ELSTER.<\/p>\n<p><strong>A practical example<\/strong><\/p>\n<p>A trading company uses a merchandise management system with a DATEV interface.<\/p>\n<p>It benefits from this in the following ways, among others:<\/p>\n<ul>\n<li>Sales and purchase documents are automatically transmitted to DATEV on a daily basis.<\/li>\n<li>Open items and incoming payments are automatically reconciled.<\/li>\n<li>The tax advisor can call up reports and documents at any time, which simplifies the annual financial statements.<\/li>\n<\/ul>\n<p>These comprehensive integrations ensure optimized accounting, shorter handling times and a high level of data quality in financial management.<\/p>\n\t<\/div>\n<\/div>\n<div class=\"col-lg-12\">\n\t<style>\n        @media screen and (min-width: 1200px) {\n        .product-subcard-widget-69f4b6178fec4 {\n            transform: translateX(clamp(21px, -22.5714rem + 25.4762vw, 25px));\n        } \n    }\n<\/style>\n<div class=\"product-subcard-widget product-subcard-widget-69f4b6178fec4 left-aligned\" style=\"max-width:860px;margin-top:0;\">\n            \t<div class=\"mb-5\">\n<p>Interfaces are a central component of merchandise management, even apart from accounting issues. Our page deals with which extensions are particularly important and how system networking works in practice:<\/p>\n\t<\/div>\n<div class=\"product-buttons-group\">\n            \n<a class=\"product-button-group__link\" href=\"https:\/\/www.jtl-software.com\/de\/themen\/warenwirtschaftssystem\/schnittstellen-erweiterungen\">\n    <span class=\"product-button-group__link--text\">Interfaces in merchandise management<i class=\"fa-solid fa-arrow-right product-button-group__link--icon\"><\/i><\/span>\n<\/a>    <\/div>    <\/div><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/section>\n\t\t\t<section class=\"orange section-1690\">\n\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t<div class=\"col-lg-12\">\n\t\n\n<div class=\"decorated-container-inner \">\n        <div class=\"decorated-container-square-overlay\"><\/div>\n        <div class=\"decorated-container-wrapper\">\n        <div class=\"decorated-container\">\n                        <div class=\"decorated-container-items-wrapper\">\n                                    <div class=\"col-lg-7 px-0\">\n            <h2 id=\"anchor-compliance-fulfill-legal-requirements-through-merchandise-management\" class=\"redesign-styles__title\">Compliance: fulfill legal requirements through merchandise management<a href=\"#compliance-fulfill-legal-requirements-through-merchandise-management\" class=\"far fa-link headline-link\" data-href=\"#compliance-fulfill-legal-requirements-through-merchandise-management\"><\/a><\/h2><p>Finally, an ERP system supports companies in complying<strong>with legal financial and tax requirements <\/strong>and facilitates legally compliant accounting.<\/p>\n<p>The following points are particularly important in this regard:<\/p>\n<p>\u00a0<\/p>\n    <\/div><style>\n\t.grid-69f4b61790c8f { --columns: 1; --rows: 4; --gap: 32px; }\n\n\t@media (min-width: 992px) {\n\t\t.grid-69f4b61790c8f { --columns: 1fr 1fr; --rows: 2; }\n\t}\n<\/style><div class=\"mb-5 mb-md-7 grid grid-69f4b61790c8f\">\n\t<style>\n\t.utils-69f4b61790dce { background-color: #FFFFFF !important; }\n\t.grid-item-69f4b61790dce { --columns-start: 1; --rows-start: 1; }\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b61790dce grid-item grid-item-69f4b61790dce\">\n\t<span class=\"redesign-styles__subtitle colored-text d-block mb-5\">GoBD-compliant merchandise management<\/span><div class=\"list-widget\">\n    <ul class=\"list-widget__wrapper\" style=\"row-gap:16px;\">\n                    \n<li class=\"list-widget__item\" style=\"column-gap:24px;\">\n            <div class=\"list-widget__item--icon\">\n            <i class=\"fa-solid fa-arrow-right\" style=\"color:#FF9A26;\"><\/i>\n        <\/div>\n            <div class=\"list-widget__item--content\">\n        <div class=\"list-widget__item--rte\">\n            <p><strong>Seamless recording of all business transactions: <\/strong>All transactions are automatically documented and stored in an audit-proof manner.<\/p>\n        <\/div>\n    <\/div>\n    \n<\/li>\n<li class=\"list-widget__item\" style=\"column-gap:24px;\">\n            <div class=\"list-widget__item--icon\">\n            <i class=\"fa-solid fa-arrow-right\" style=\"color:#FF9A26;\"><\/i>\n        <\/div>\n            <div class=\"list-widget__item--content\">\n        <div class=\"list-widget__item--rte\">\n            <p><strong>Logging and traceability: <\/strong>Each booking is provided with a time stamp, changes can be traced at any time.<\/p>\n        <\/div>\n    <\/div>\n    \n<\/li>            <\/ul>\n<\/div><\/div><style>\n\t.utils-69f4b617917c2 { background-color: #FFFFFF !important; }\n\t.grid-item-69f4b617917c2 { --columns-start: 1; --rows-start: 2; }\n\n\t@media (min-width: 992px) {\n\t\t.grid-item-69f4b617917c2 { --columns-start: 2; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b617917c2 grid-item grid-item-69f4b617917c2\">\n\t<span class=\"redesign-styles__subtitle colored-text d-block mb-5\">Compliance with data protection regulations<\/span><div class=\"list-widget\">\n    <ul class=\"list-widget__wrapper\" style=\"row-gap:16px;\">\n                    \n<li class=\"list-widget__item\" style=\"column-gap:24px;\">\n            <div class=\"list-widget__item--icon\">\n            <i class=\"fa-solid fa-arrow-right\" style=\"color:#FF9A26;\"><\/i>\n        <\/div>\n            <div class=\"list-widget__item--content\">\n        <div class=\"list-widget__item--rte\">\n            <p>The <strong>encrypted storage of sensitive financial data<\/strong> protects against unauthorized access.<\/p>\n        <\/div>\n    <\/div>\n    \n<\/li>\n<li class=\"list-widget__item\" style=\"column-gap:24px;\">\n            <div class=\"list-widget__item--icon\">\n            <i class=\"fa-solid fa-arrow-right\" style=\"color:#FF9A26;\"><\/i>\n        <\/div>\n            <div class=\"list-widget__item--content\">\n        <div class=\"list-widget__item--rte\">\n            <p><strong>Access rights and user management<\/strong> ensure that only authorized persons have access to certain data.<\/p>\n        <\/div>\n    <\/div>\n    \n<\/li>            <\/ul>\n<\/div><\/div><style>\n\t.utils-69f4b61792041 { background-color: #FFFFFF !important; }\n\t.grid-item-69f4b61792041 { --columns-start: 1; --rows-start: 3; }\n\n\t@media (min-width: 992px) {\n\t\t.grid-item-69f4b61792041 { --columns-start: 1; --rows-start: 2; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b61792041 grid-item grid-item-69f4b61792041\">\n\t<span class=\"redesign-styles__subtitle colored-text d-block mb-5\">Support with tax audits<\/span><div class=\"list-widget\">\n    <ul class=\"list-widget__wrapper\" style=\"row-gap:16px;\">\n                    \n<li class=\"list-widget__item\" style=\"column-gap:24px;\">\n            <div class=\"list-widget__item--icon\">\n            <i class=\"fa-solid fa-arrow-right\" style=\"color:#FF9A26;\"><\/i>\n        <\/div>\n            <div class=\"list-widget__item--content\">\n        <div class=\"list-widget__item--rte\">\n            <p>In the event of a tax audit, companies can export all tax-relevant data from the system and present it in full.<\/p>\n        <\/div>\n    <\/div>\n    \n<\/li>            <\/ul>\n<\/div><\/div><style>\n\t.utils-69f4b61792650 { background-color: #FFFFFF !important; }\n\t.grid-item-69f4b61792650 { --columns-start: 1; --rows-start: 4; }\n\n\t@media (min-width: 992px) {\n\t\t.grid-item-69f4b61792650 { --columns-start: 2; --rows-start: 2; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b61792650 grid-item grid-item-69f4b61792650\">\n\t<span class=\"redesign-styles__subtitle colored-text d-block mb-5\">Legal requirements for payment transactions<\/span><div class=\"list-widget\">\n    <ul class=\"list-widget__wrapper\" style=\"row-gap:16px;\">\n                    \n<li class=\"list-widget__item\" style=\"column-gap:24px;\">\n            <div class=\"list-widget__item--icon\">\n            <i class=\"fa-solid fa-arrow-right\" style=\"color:#FF9A26;\"><\/i>\n        <\/div>\n            <div class=\"list-widget__item--content\">\n        <div class=\"list-widget__item--rte\">\n            <p><strong>Compliance with the PSD2 directive:<\/strong> Interfaces to payment service providers comply with current EU requirements (Payment Service Directive 2).<\/p>\n        <\/div>\n    <\/div>\n    \n<\/li>\n<li class=\"list-widget__item\" style=\"column-gap:24px;\">\n            <div class=\"list-widget__item--icon\">\n            <i class=\"fa-solid fa-arrow-right\" style=\"color:#FF9A26;\"><\/i>\n        <\/div>\n            <div class=\"list-widget__item--content\">\n        <div class=\"list-widget__item--rte\">\n            <p><strong>Automatic payment of taxes:<\/strong> VAT amounts are calculated correctly and transmitted electronically if required.<\/p>\n        <\/div>\n    <\/div>\n    \n<\/li>            <\/ul>\n<\/div><\/div><\/div><div class=\"col-lg-7 px-0\">\n            <h2 id=\"anchor-merchandise-management-accounting-and-taxes-technological-trends\" class=\"redesign-styles__title\">Merchandise management, accounting and taxes: technological trends<a href=\"#merchandise-management-accounting-and-taxes-technological-trends\" class=\"far fa-link headline-link\" data-href=\"#merchandise-management-accounting-and-taxes-technological-trends\"><\/a><\/h2>\t<div class=\"mb-5\">\n<p>Artificial intelligence (AI) and machine learning (ML) are changing the financial processes in modern merchandise management systems.<strong> They offer additional potential for optimizing accounting workflows, simplifying tax processes and reducing costs:<\/strong><\/p>\n\t<\/div>\n    <\/div><style>\n\t.grid-69f4b617931b4 { --rows: 3; --gap: 16px; }\n\n\t@media (min-width: 1200px) {\n\t\t.grid-69f4b617931b4 { --columns: 1fr 1fr 1fr; --rows: 1; --gap: 32px; }\n\t}\n<\/style><div class=\"mb-5 grid grid-69f4b617931b4\">\n\t<style>\n\t.utils-69f4b617932a7 { background-color: #FFFFFF !important; }\n\n\t@media (min-width: 992px) {\n\t\t.grid-item-69f4b617932a7 { --columns-start: 1; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b617932a7 grid-item grid-item-69f4b617932a7\">\n\t\t<div class=\"mb-4\">\n<p><strong>Automated accounting processes through AI<\/strong><\/p>\n\t<\/div>\n\t<div class=\"mb-0\">\n<\/p>\n<ul>\n<li><strong>Intelligent document recognition and posting: <\/strong>AI algorithms automatically recognize content on invoices, receipts and delivery bills and assign them to the correct accounts.<\/li>\n<li><strong>Automated error detection:<\/strong> With the help of machine learning, systems analyze large amounts of data and detect irregularities such as double bookings or incorrect amounts.<\/li>\n<\/ul>\n<p>\n\t<\/div>\n<\/div><style>\n\t.utils-69f4b6179366a { background-color: #FFFFFF !important; }\n\t.grid-item-69f4b6179366a { --columns-start: 1; --rows-start: 2; }\n\n\t@media (min-width: 1200px) {\n\t\t.grid-item-69f4b6179366a { --columns-start: 2; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b6179366a grid-item grid-item-69f4b6179366a\">\n\t\t<div class=\"mb-4\">\n<p><strong>Improved financial planning and liquidity management<\/strong><\/p>\n\t<\/div>\n\t<div class=\"mb-0\">\n<\/p>\n<ul>\n<li><strong>Forecasting cash flows: <\/strong>Machine learning enables precise forecasts of income, expenses and liquidity based on historical data and current transactions.<\/li>\n<li><strong>Optimization of payment flows: <\/strong>AI suggests the best time for payments and reminders to secure liquidity and take advantage of cash discounts.<\/li>\n<\/ul>\n<p>\n\t<\/div>\n<\/div><style>\n\t.utils-69f4b61793a0c { background-color: #FFFFFF !important; }\n\t.grid-item-69f4b61793a0c { --columns-start: 1; --rows-start: 3; }\n\n\t@media (min-width: 1200px) {\n\t\t.grid-item-69f4b61793a0c { --columns-start: 3; --rows-start: 1; }\n\t}\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 basic-br utils-69f4b61793a0c grid-item grid-item-69f4b61793a0c\">\n\t\t<div class=\"mb-4\">\n<p><strong>Digitization of tax processes<\/strong><\/p>\n\t<\/div>\n\t<div class=\"mb-0\">\n<\/p>\n<ul>\n<li><strong>Automated tax calculations: <\/strong>AI automatically takes into account changes in tax law and adjusts calculations accordingly.<\/li>\n<li><strong>Preparation of tax reports: <\/strong>Systems independently generate complete tax returns and prepare the data for tax audits.<\/li>\n<\/ul>\n<p>\n\t<\/div>\n<\/div><\/div><div class=\"col-lg-7 px-0\">\n            \t<div class=\"mb-5\">\n<p>The integration of AI in merchandise management systems is still in its infancy. But in all likelihood, artificial intelligence will become an integral part of merchandise management and help to automate further processes and create precise analyses.<\/p>\n\t<\/div>\n    <\/div><div class=\"col-lg-7 px-0\">\n            <h2 id=\"anchor-consider-the-topic-of-accounting-when-selecting-an-erp-system\" class=\"redesign-styles__title\">Consider the topic of accounting when selecting an ERP system<a href=\"#consider-the-topic-of-accounting-when-selecting-an-erp-system\" class=\"far fa-link headline-link\" data-href=\"#consider-the-topic-of-accounting-when-selecting-an-erp-system\"><\/a><\/h2>\t<div class=\"mb-5\">\n<p>Accounting plays an important role in the selection of a merchandise management or ERP system.<\/p>\n<p>Companies can use questions like the following to determine whether<strong> a system meets their requirements <\/strong>:<\/p>\n<ol>\n<li>Do I need advanced features of comprehensive ERP systems, for example integrated payroll accounting or integrated financial reports?<\/li>\n<li>What options do I have to automate processes that are relevant for accounting and tax optimization?<\/li>\n<li>How do I set up digital workflows?<\/li>\n<li>What interfaces does the system offer and how does communication with accountants, tax advisors and the tax office work?<\/li>\n<li>How can the software be scaled and adapted to new requirements?<\/li>\n<\/ol>\n<p>\n\t<\/div>\n    <\/div>                            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n<style>\n        @media screen and (min-width: 1200px) {\n        .product-subcard-widget-69f4b61794548 {\n            transform: translateX(clamp(21px, -22.5714rem + 25.4762vw, 75px));\n        } \n    }\n<\/style>\n<div class=\"product-subcard-widget product-subcard-widget-69f4b61794548 left-aligned md-offset-y-none\" style=\"max-width:860px;margin-top:-40px;\">\n            \t<div class=\"mb-5\">\n<p>What are the main differences between merchandise management systems? What matters, how do I find the best system for my needs and what expenses should I expect? Our guide page answers these questions:<\/p>\n\t<\/div>\n<div class=\"product-buttons-group\">\n            \n<a class=\"product-button-group__link\" href=\"https:\/\/www.jtl-software.com\/de\/themen\/warenwirtschaftssystem\/kosten-auswahlkriterien\">\n    <span class=\"product-button-group__link--text\">Costs &amp; selection criteria for a merchandise management system<i class=\"fa-solid fa-arrow-right product-button-group__link--icon\"><\/i><\/span>\n<\/a>    <\/div>    <\/div><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/section>\n\t<style>\n\t.utils-69f4b61794981 { background-repeat: no-repeat !important; }\n<\/style>\t\t<section class=\"product-management-section orange utils-69f4b61794981\">\n\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t<div class=\"col-lg-6 pt-lg-4\">\n\t<h2 id=\"anchor-conclusion-merchandise-management-systems-make-financial-processes-more-efficient\" class=\"product-management-section__title mb-5\">Conclusion: merchandise management systems make financial processes more efficient<a href=\"#conclusion-merchandise-management-systems-make-financial-processes-more-efficient\" class=\"far fa-link headline-link\" data-href=\"#conclusion-merchandise-management-systems-make-financial-processes-more-efficient\"><\/a><\/h2>\t<div class=\"product-management-section__text mb-7\">\n<p>A merchandise management system provides<strong> comprehensive<\/strong> support<strong> for retailers in accounting, tax compliance and compliance<\/strong>. Automated invoicing, reliable VAT calculations and interfaces to accounting software ensure efficient financial management. The central recording of all business transactions and compliance with legal requirements <strong>not only simplifies financial accounting, but also makes it more secure and transparent<\/strong>.<\/p>\n<p>However, merchandise management systems differ in their range of functions. We recommend that companies consider accounting and finance when making their selection. In this way, they benefit from time savings, reduced errors and better data quality &#8211; an indispensable basis for sustainable success in retail<strong>.<\/strong><\/p>\n\t<\/div>\n<\/div>\n<style>\n\t.utils-69f4b617950cb { background-color: #00000000 !important; }\n<\/style><div class=\"col-lg-6 col-xl-5 offset-xl-1 utils-69f4b617950cb\">\n\t<style>\n\t.utils-69f4b617952b0 { background-color: #FFCC92 !important; }\n<\/style>\t<div class=\"row no-gutters pt-5 pr-5 pb-5 pl-5 mt-lg-5 basic-br themenwelten-last-card utils-69f4b617952b0\">\n\t\t<div class=\"col-lg-12\">\n\t<span class=\"redesign-styles__heading mb-5 h3\">Read on now:<\/span><div class=\"product-buttons-group\">\n            \n<a class=\"product-button-group__link\" href=\"https:\/\/www.jtl-software.com\/de\/themen\/warenwirtschaftssystem\/kosten-auswahlkriterien\">\n    <span class=\"product-button-group__link--text\">Costs &amp; selection criteria for a merchandise management system<i class=\"fa-solid fa-arrow-right product-button-group__link--icon\"><\/i><\/span>\n<\/a>    <\/div><\/div>\t<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/section>\n\t\t\t<section class=\"product-management-section orange\">\n\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t<div class=\"col-lg-6\">\n\t<style>\n\t.utils-69f4b61795f64 { background-color: #00000000 !important; }\n<\/style>\t<div class=\"row no-gutters utils-69f4b61795f64\">\n\t\t<style>\n\t.utils-69f4b61796194 { background-color: #FFF5E9 !important; }\n<\/style><div class=\"pt-5 pr-5 pb-5 pl-5 pt-md-7 pr-md-7 pb-md-7 pl-md-7 basic-br themenwelten-last-card utils-69f4b61796194 col\">\n\t<span class=\"redesign-styles__subtitle mb-4 h4\">Further information &amp; overview on the topic of merchandise management systems<\/span><div class=\"list-widget\">\n    <ul class=\"list-widget__wrapper\" style=\"row-gap:16px;\">\n                    \n<li class=\"list-widget__item\" style=\"column-gap:24px;\">\n            <div class=\"list-widget__item--content\">\n        <div class=\"list-widget__item--rte\">\n            <div class=\"product-buttons-group\">\n            \n<a class=\"product-button-group__link\" href=\"https:\/\/www.jtl-software.com\/de\/themen\/warenwirtschaftssystem\">\n    <span class=\"product-button-group__link--text\">Guide to merchandise management systems<i class=\"fa-solid fa-arrow-right product-button-group__link--icon\"><\/i><\/span>\n<\/a>    <\/div>        <\/div>\n    <\/div>\n    \n<\/li>\n<li class=\"list-widget__item\" style=\"column-gap:24px;\">\n            <div class=\"list-widget__item--content\">\n        <div class=\"list-widget__item--rte\">\n            <div class=\"product-buttons-group\">\n            \n<a class=\"product-button-group__link\" href=\"https:\/\/www.jtl-software.com\/de\/themen\/warenwirtschaftssystem\/aufgaben-steuerung\">\n    <span class=\"product-button-group__link--text\">Merchandise management as the control center of the company<i class=\"fa-solid fa-arrow-right product-button-group__link--icon\"><\/i><\/span>\n<\/a>    <\/div>        <\/div>\n    <\/div>\n    \n<\/li>\n<li class=\"list-widget__item\" style=\"column-gap:24px;\">\n            <div class=\"list-widget__item--content\">\n        <div class=\"list-widget__item--rte\">\n            <div class=\"product-buttons-group\">\n            \n<a class=\"product-button-group__link\" href=\"https:\/\/www.jtl-software.com\/de\/themen\/warenwirtschaftssystem\/prozessoptimierung-automation\">\n    <span class=\"product-button-group__link--text\">Process optimization &amp; automation with merchandise management<i class=\"fa-solid fa-arrow-right product-button-group__link--icon\"><\/i><\/span>\n<\/a>    <\/div>        <\/div>\n    <\/div>\n    \n<\/li>\n<li class=\"list-widget__item\" style=\"column-gap:24px;\">\n            <div class=\"list-widget__item--content\">\n        <div class=\"list-widget__item--rte\">\n            <div class=\"product-buttons-group\">\n            \n<a class=\"product-button-group__link\" href=\"https:\/\/www.jtl-software.com\/de\/themen\/warenwirtschaftssystem\/schnittstellen-erweiterungen\">\n    <span class=\"product-button-group__link--text\">Interfaces in merchandise management<i class=\"fa-solid fa-arrow-right product-button-group__link--icon\"><\/i><\/span>\n<\/a>    <\/div>        <\/div>\n    <\/div>\n    \n<\/li>\n<li class=\"list-widget__item\" style=\"column-gap:24px;\">\n            <div class=\"list-widget__item--content\">\n        <div class=\"list-widget__item--rte\">\n            <p>Accounting, finance &amp; taxes with merchandise management<\/p>\n        <\/div>\n    <\/div>\n    \n<\/li>\n<li class=\"list-widget__item\" style=\"column-gap:24px;\">\n            <div class=\"list-widget__item--content\">\n        <div class=\"list-widget__item--rte\">\n            <div class=\"product-buttons-group\">\n            \n<a class=\"product-button-group__link\" href=\"https:\/\/www.jtl-software.com\/de\/themen\/warenwirtschaftssystem\/kosten-auswahlkriterien\">\n    <span class=\"product-button-group__link--text\">Costs &amp; selection criteria for a merchandise management system<i class=\"fa-solid fa-arrow-right product-button-group__link--icon\"><\/i><\/span>\n<\/a>    <\/div>        <\/div>\n    <\/div>\n    \n<\/li>            <\/ul>\n<\/div><\/div>\t<\/div>\n<\/div>\n<div class=\"col-lg-6\">\n\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"Content Accounting, finance &amp; taxes with a merchandise management system 01 The role of merchandise management in financial accounting 02 Automated accounting with merchandise management 03 Merchandise management and taxes: managing tax obligations 04 Important interfaces for accounting and taxe 05 Compliance: fulfill legal requirements through merchandise management 06 Merchandise management, accounting and taxes: technological","protected":false},"author":31,"featured_media":0,"parent":294101,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/product-landing.php","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-294053","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.jtl-software.com\/en\/wp-json\/wp\/v2\/pages\/294053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jtl-software.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.jtl-software.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.jtl-software.com\/en\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jtl-software.com\/en\/wp-json\/wp\/v2\/comments?post=294053"}],"version-history":[{"count":7,"href":"https:\/\/www.jtl-software.com\/en\/wp-json\/wp\/v2\/pages\/294053\/revisions"}],"predecessor-version":[{"id":322388,"href":"https:\/\/www.jtl-software.com\/en\/wp-json\/wp\/v2\/pages\/294053\/revisions\/322388"}],"up":[{"embeddable":true,"href":"https:\/\/www.jtl-software.com\/en\/wp-json\/wp\/v2\/pages\/294101"}],"wp:attachment":[{"href":"https:\/\/www.jtl-software.com\/en\/wp-json\/wp\/v2\/media?parent=294053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}